Zions Bancorporation N.A. Sells 665 Shares of Invesco QQQ (NASDAQ:QQQ)

Zions Bancorporation N.A. trimmed its holdings in Invesco QQQ (NASDAQ:QQQ) by 14.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,848 shares of the exchange traded fund’s stock after selling 665 shares during the period. Zions Bancorporation N.A.’s holdings in Invesco QQQ were worth $1,878,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. PBCay One RSC Ltd raised its holdings in shares of Invesco QQQ by 6.2% in the first quarter. PBCay One RSC Ltd now owns 375,000 shares of the exchange traded fund’s stock valued at $166,504,000 after purchasing an additional 22,000 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Invesco QQQ by 140.6% in the first quarter. Russell Investments Group Ltd. now owns 243 shares of the exchange traded fund’s stock valued at $108,000 after purchasing an additional 142 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Invesco QQQ in the first quarter valued at about $844,000. Tocqueville Asset Management L.P. raised its holdings in shares of Invesco QQQ by 3.7% in the first quarter. Tocqueville Asset Management L.P. now owns 3,968 shares of the exchange traded fund’s stock valued at $1,762,000 after purchasing an additional 143 shares during the last quarter. Finally, Prevail Innovative Wealth Advisors LLC purchased a new stake in shares of Invesco QQQ in the first quarter valued at about $496,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $508.69 on Friday. Invesco QQQ has a 52-week low of $382.66 and a 52-week high of $515.58. The company has a 50-day simple moving average of $487.42 and a 200 day simple moving average of $473.42.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were paid a $0.677 dividend. The ex-dividend date was Monday, September 23rd. This represents a $2.71 annualized dividend and a dividend yield of 0.53%.

Invesco QQQ Company Profile

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.